World Liberty Financial gets conditional bank charter approval

The Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Trust Co.'s application for a national trust bank charter, enabling it to issue stablecoins. World Liberty Financial, partially owned by Donald Trump's family, states it is 38% owned by an entity affiliated with Trump and family members. The charter application process requires additional steps, including raising capital. The OCC has seen a total of 40 bank charter applications since 2025, many related to cryptocurrency projects. This is significant for investors as it could enhance the firm's operations in the crypto market.